Rate-setters wary of spikes in food prices

Friday, 20 October 2023
The Monetary Policy Committee (MPC) members of the Reserve Bank of India (RBI) expressed concerns about inflation increasing due to price shocks, especially in the food sector. RBI Governor Shaktikanta Das emphasized the need for a disinflationary policy and aligning inflation with the 4% target. The hawkish statements from the MPC members indicate that the central bank is unlikely to ease monetary policy soon. RBI may focus on controlling prices through liquidity management.

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Rate-setters wary of spikes in food prices

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